What is Encoded?
Encoded operates as a specialized Payment Service Provider (PSP) that addresses the complex needs of contact centers and large-scale organizations. By prioritizing PCI DSS compliance, the firm provides a robust framework for secure transactions, including IVR Payments, Agent Assisted Payments, and eCommerce solutions. Their integrated Fraud Prevention Platform serves as a critical layer of defense for leading UK brands, enabling them to streamline revenue generation while maintaining rigorous security standards. Through its focus on omnichannel delivery, Encoded effectively bridges the gap between customer engagement and secure financial processing, establishing itself as a vital partner for enterprises navigating the digital payment landscape.
How much funding has Encoded raised?
Encoded has raised a total of $239M across 2 funding rounds:
Series C
$104M
Series D
$135M
Series C (2019): $104M with participation from Illumina Ventures, Venrock, Matrix Capital Management Company, and ARCH VENTURE PARTNERS
Series D (2020): $135M led by Boxer Capital , LLC, Matrix Capital Management Company, L.P., Google Ventures, ARCH Venture Partners, Nolan Capital LLC, RTW Investments , LP, and Illumina Ventures
Key Investors in Encoded
Google Ventures
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors, focusing on enterprise solutions, life sciences, and frontier technology innovations.
ARCH Venture Partners
ARCH Venture Partners is a leading early-stage venture capital firm that creates and invests in life sciences and advanced technology companies, often co-founding startups with scientists and entrepreneurs.
Illumina Ventures
Illumina Ventures is a leader in genomics and precision health investing, focused on building an ecosystem that translates investment into innovation to enhance human health.
What's next for Encoded?
With the recent infusion of capital, Encoded is expected to accelerate its product development roadmap, particularly in the realms of automated fraud detection and seamless omnichannel integration. The company's strategic trajectory suggests a focus on deepening its penetration within the enterprise market, where demand for secure, compliant, and efficient payment gateways remains high. By leveraging its established reputation and recent financial support, Encoded is poised to enhance its technological capabilities, potentially exploring new geographic markets or expanding its service offerings to meet the evolving regulatory requirements of the global fintech sector.
See full Encoded company page
